I took New fulfilling policy in 2010 and paid a total premium of INR 75000 @ 25000 per year. After 3 years I surrendered the policy because of some personal necessity. I was shocked to know that I will be receiving only INR 35000 as surrender value.
And moreover the customer care executive says that he cant provide calculation back up as is done by concerned department. I am regretting that I invested in such a policy but feel ok that I discontinued with it.
Better if I had kept money in the bank with 6% interest or had invested in LIC.
So please double check when you are investing in such policies or your savings might turn into charity to ING VYSYA LIFE insurance.